Economy-Macrosociology vs. microsociology

May 19th, 2015

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ECONOMY is the institution that provides for the production and distribution of goods and services, which people in every society need. Macrosociology vs. microsociology- Sociologists use two approaches when studying society. In macrosociology, sociologists analyze large-scale social forces, such as institutions.

ECONOMYis the institution that provides for the production and distribution of goods and services, which people in every society need.Macrosociology vs. microsociologySociologists use two approaches when studying society. Inmacrosociology, sociologists analyze large-scale social forces, such as institutions. They identify and analyze the structure of societies. The second approach sociologists use is microsociology, the study of social interaction. These sociologists focus on face-to-face interaction, how people act around others. This method is focused more on individuals than groups.Economic Systems1. Capitalism s a system under which resources and means of productionare privately owned, citizens are encouraged to seek profit for themselves, and success or failure of an enterprise is determined by free-market competition.2. Socialism is a system under which resources and means of production are owned by the society as a whole, rights to private property are limited, the good of the whole society is stressed more than individual profit, and the government maintains controlof the economy.Ex. China is a socialist country. The government owns and controls almost all natural resources.HYBRID ECONOMIC SYSTEM1. Welfare capitalismis a system that features a market-based economy coupled with an extensive social welfare system that includes free health care and education for all citizens.Example:Sweden allows private business ownership, but the governm